The United States remained the top export destination for Pakistani products during the first five months of the current fiscal year, followed by China and the United Kingdom.
According to data from the State Bank of Pakistan (SBP), Pakistan’s exports to the US totalled $2,512.809 million, marking an increase of 9.29% compared to $2,299.165 million in the same period last year.
In contrast, exports to China saw a decline of 13.93%, with goods worth $1,053.161 million being exported in FY25, compared to $1,223.702 million in the previous year. Meanwhile, the UK remained a key export market for Pakistan, with exports reaching $935.018 million, according to the SBP.
Exports to European countries also saw a notable increase, growing by 8.62% in the first five months of the fiscal year. This growth was primarily driven by higher shipments to Western Europe.
As a result, Pakistan’s exports to the European Union (EU) rose to $3.866 billion during the July-November period, compared to $3.559 billion in the same period last year.
Despite this positive trend, Pakistan’s overall exports to the EU in FY24 had dropped by 3.12% to $8.240 billion, even though the country enjoys duty-free access to most European markets under the GSP+ status.
Other key export destinations included the UAE, where exports amounted to $925.594 million, up from $817.848 million last year. Exports to Saudi Arabia were recorded at $303.421 million, compared to $275.619 million in the previous year.
In the South Asian region, Pakistan’s exports to Bangladesh increased to $313.998 million, up from $241.960 million last year, while exports to Afghanistan surged to $406.67 million, compared to $234.563 million in the previous year.
Within Europe, Germany was another significant market, with exports valued at $707.649 million, showing an increase from the previous year. Exports to Spain totaled $600.871 million, while exports to France were recorded at $230.857 million, up from $207.183 million.
Exports to Belgium also saw an increase, reaching $257.895 million, compared to $236.207 million last year. However, exports to Turkey declined, dropping to $136.769 million from $158.843 million in the previous year.
This data reflects Pakistan’s diverse export markets and the varying trends in demand across different regions. While some markets showed growth, others, particularly in Asia, experienced declines, highlighting the dynamic nature of international trade.
